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Latest Market Updates 29th July 2020

Forex Majors today's review


EURUSD CMP : 1.1729
Composite Strength Meter Suggests : 85% Buy
Trend : Strong Buy
Entry Levels : 1.1692, 1.1664
Profit Booking Levels : 1.1773, 1.1811
Stop Loss: 4H candle closing below 1.1500


AUDUSD CMP : 0.7165
Composite Strength Meter Suggests : 87% Buy
Trend : Strong Buy
Entry Levels : 0.7121, 0.7092
Profit Booking Levels : 0.7190, 0.7220
Stop Loss: 4H candle closing below 0.6970


NZDUSD CMP : 0.6651
Composite Strength Meter Suggests : 81% Buy
Trend : Strong Buy
Entry Levels : CMP, 0.6627, 0.6600
Profit Booking Levels : 0.6690, 0.6733, 0.6773
Stop Loss: 4H candle closing below 0.6500


GBPUSD CMP : 1.2928
Composite Strength Meter Suggests : 67% Buy
Trend : Mild Buy
Entry Levels : 1.2875, 1.2800
Profit Booking Levels :  1.2985, 1.3025
Stop Loss: 1H closing below 1.2760


USDJPY CMP : 105.08
Composite Strength Meter Suggests : 89% Sell
Trend : Strong Sell
Entry Levels : 105.50, 105.90
Profit Booking Levels : 104.90, 104.50
Stop Loss: 4H candle closing above 107.25


USDCHF CMP : 0.9175
Composite Strength Meter Suggests : 92% Sell
Trend : Strong Sell
Entry Levels : 0.9211, 0.9256
Profit Booking Levels : 0.9137, 0.9111
Stop Loss: 4H candle closing above 0.9350


USDCAD CMP : 1.3374
Composite Strength Meter Suggests : 66% Sell
Trend : Mild Sell
Entry Levels : CMP, 1.3393, 1.3420
Profit Booking Levels : 1.3327, 1.3285
Stop Loss: 1H candle closing above 1.3475


XAUUSD CMP : 1949
Composite Strength Meter Suggests : 78% Buy
Trend : Strong Buy 
Entry Levels : CMP, 1925, 1908
Profit Booking Levels : According to patience level
Stop Loss: 4H candle closing below 1865

Forex cross pairs


EURGBP CMP : 0.9069
Composite Strength Meter Suggests : 73% Buy
Trend : Strong Buy
Entry Levels : CMP, 0.9034
Profit Booking Levels : 0.9115, 0.9160
Stop Loss: 4H candle closing below 0.8977


EURJPY CMP : 123.21
Composite Strength Meter Suggests : 80% Buy
Trend : Strong Buy
Entry Levels : CMP, 122.87
Profit Booking Levels : 123.85, 124.40
Stop Loss: 4H candle closing below 121.40


GBPJPY CMP : 135.85
Composite Strength Meter Suggests : 53% Sell
Trend : Neutral
Entry Levels : Avoid Trading
Profit Booking Levels : Avoid Trading
Stop Loss: NA


Reference:

Trend changing point candle low should be kept as stop loss for buy trend

Trend changing point candle high should be kept as stop loss for sell trend

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    Forex Market Update 11/08/20 EURUSD CMP : 1.1749 Composite Strength Meter Suggests : 71% Buy Trend : Strong Buy Entry Levels : CMP, 1680 Profit Booking Levels : 1.1790, 1.1825 Stop Loss: 4H candle closing below 1.1550 AUDUSD CMP : 0.7179 Composite Strength Meter Suggests : 78% Buy Trend : Strong Buy Entry Levels : CMP, 0.7120 Profit Booking Levels : 0.7220, 0.7280 Stop Loss: 4H candle closing below 0.6970 NZDUSD CMP : 0.6616 Composite Strength Meter Suggests : 74% Buy Trend : Strong Buy Entry Levels : CMP, 0.6560 Profit Booking Levels : 0.6660, 0.6730 Stop Loss: 4H candle closing below 0.6500 GBPUSD CMP : 1.3087 Composite Strength Meter Suggests : 79% Buy Trend : Strong Buy Entry Levels : 1.3035, 1.2985 Profit Booking Levels :  1.3140, 1.3225 Stop Loss: 4H closing below 1.2850 USDJPY CMP : 106.02 Composite Strength Meter Suggests : 64% Sell Trend : Neutral - Mild Sell Entry Levels : Avoid Profit Booking Levels : NA Stop Loss: NA USDCHF CMP : 0.9150 Composite Strength Meter Suggests

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